Chips Lead the Premarket Repair Bid
Reuters said Nvidia added about 3.6% in premarket trading after its biggest one-day fall since January 2025, and that AMD, Intel, Broadcom, and Micron were marked between about 5% and 8.3% higher after steep cash-session losses. TokenPost later listed Micron up about 8.30%, SanDisk about 10.17%, Marvell about 8.17%, AMD about 7.63%, and Nvidia about 3.85% in the same Friday premarket window, with optical names Credo, Lumentum, and Coherent also higher. Data-center and AI-infrastructure names such as IREN, Applied Digital, CoreWeave, Nebius, GE Vernova, and Constellation Energy were described as recovering from Thursday's deep losses. Premarket prints can fade or extend before 9:30 AM ET; they are a snapshot, not a settled cash close.
Thursday's chip-led drop is the session we covered in The VIX Jumps Past 25 as Nasdaq Gives Back the Midterm Rally. Friday's bounce is the next chapter on the same names, not a second telling of that cash rout.
VIX Slips From Thursday's Close, Not Back to Calm
Yahoo Finance's VIX quote page showed the Cboe Volatility Index near 26.35 early Friday, down about 1.83 points, or roughly 6.5%, from a prior close of 28.18, with a session range from about 25.38 to 27.68 as of about 4:14 AM CST. Reuters had the index "down slightly" near 26.07 earlier in the same window and said Thursday logged the VIX's biggest one-day jump in about 19 months. A move from the mid-28s back toward the mid-26s is a partial unwind of Thursday's panic premium, not a return to the mid-16s that prevailed before the midterm-week spike. Live Cboe VIX delayed quotes remain the place to watch the spot index and the futures curve as cash opens.
Friday Weeklies Meet an 8:30 AM Macro Print
Today is a standard Friday weekly options expiration for many equity and ETF chains, and Reuters flagged the October jobs report due at 8:30 AM ET as the next catalyst for rate pricing, with CME FedWatch traders assigning more than a 65% chance of a December hike. That stacks three options problems into one morning: (1) how much of Thursday's realized selloff is already in Friday SPY and QQQ weeklies, (2) whether the premarket chip rebound holds once listed options start trading at 9:30 AM ET, and (3) whether the jobs print re-widens or further compresses the vol that jumped on Thursday.
Delayed Cboe SPY, QQQ, and SMH quote tables are the references for Friday weekly and November 20 monthly markets as the open approaches. Short-dated premium sold into Thursday's spike can still be profitable if realized moves stay inside what the chain collected and if implied volatility keeps easing; the same structures lose if the rebound fails and VIX re-accelerates after the payrolls number. Our earlier ADP private-payrolls note already framed Friday's official jobs report as the follow-on macro event after midterms. Our implied volatility guide covers how index IV often stays elevated after a one-day panic even when futures bounce overnight, and the OCC options disclosure document explains the risks of standardized options, including that VIX options settle to VIX futures rather than the spot index.
A Bounce That Still Leaves Event Risk on the Calendar
A 1.5% Nasdaq futures bounce and a 5% to 8% chip premarket bid after a multi-trillion-dollar cash wipeout is large for an overnight repair, but it does not erase Thursday's correction or the policy overhang Reuters tied to data-center states. Traders comparing Friday weekly break-evens with premarket futures are separating a technical rebound from a second event day: payrolls at 8:30 AM ET can still reprice SPY, QQQ, and rate-sensitive names after the open. Brent crude was down about 0.7% Friday in the Reuters wrap after Thursday's oil jump had added an inflation scare on top of the AI selloff.
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*By the OptionsPilot Editorial Team. Published November 6, 2026, 2:36 AM PT. This article is for education only and is not investment advice. Options involve risk and are not suitable for all investors.*
